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7 b the fine art of negotiating a lead case hb lead-conf

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HB Litigation Conferences Lead Litigation 2013
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Lead Litigation Conference 2013 November 14-15, 2013
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Page 1: 7 b the fine art of negotiating a lead case hb lead-conf

Lead Litigation Conference 2013

November 14-15, 2013

Page 2: 7 b the fine art of negotiating a lead case hb lead-conf

The

Presented by:

Kelly J. Mikullitz, Esq.O’Connell & Aronowitz54 State StreetAlbany, NY 12207518-462-5601www.oalaw.com

of Negotiating a Lead Case

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Determining Value

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Determining Value

•Notice

•Improper or Delayed Abatements

•“Problem” Landlord

Strength of Liability

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Determining Value

•Blood lead level

•Chelation

•Exposure

•School and Medicals

•Expert reports

Damages

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Determining Value

•Preexisting injuries

•Family history

•Child Protective Services

Confounding Factors

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Determining Value

•Convictions

•Substance abuse

•School

•Employment

Problem Plaintiffs

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Determining Value

• Representing Multiple Plaintiffs

• Representing Multiple Defendants

Other Considerations Affecting Value

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Selecting Your Adversary

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Selecting your adversary

• Prior relationships

• Negotiation style

• Knowledge / Experience

Insurance Adjusters vs. Defense Attorney

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Selecting Your Approach

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Selecting your approach

• Informal conversations /meetings

• Formal demands or offers

Formal vs. Informal

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Insurance Coverage Concerns

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Insurance Coverage Concerns

• Obtain Insurance Policy

• Definitions

• Anti-stacking language

• Verbal or written amendments

Know the Insurance Coverage FIRST!

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Final Preparation

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Final Preparation

• Determine settlement goals

• Obtain authority

Final Preparation

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Settlement Discussions

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Settlement Discussions

• Maintain credibility

• Discuss liability / injuries

• Respond to adversary’s criticisms

• Discuss risks to Defendant

• Elicit value

• Admit confounding factors

• Make concessions

Negotiations

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Settlement Discussions

• Document everything• Every discussion• Every question• Every demand• Every offer

Documentation

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Settlement Discussions

• Agree to conditions of settlement early on• Liens• Confidentiality• Structured settlements

Conditions

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Settlement Discussions

• Be reasonable

• No ultimatums

• Request that demand(s) be conveyed to defendant

• Document everything

Demands

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Settlement Discussions

• Few cases settle in one negotiation

• Keep your adversary’s attention

• Settlement attempts and delays

Have Patience

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Settlement Offers

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Settlement Offers

• Be patient

• Do not shut down negotiations

• React appropriately

• Document efforts to resolve

• Continue to litigate

Low Offers or No Offers

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Mediation

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Mediation

• Fresh set of eyes• Jury perspective• Success rate• Cost• Confidential

Benefits

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Finalize Settlement

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Finalize Settlement

• Immediately document settlement amounts / conditions

• Confirming letters

Finalizing

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Defense Perspective

The Law Offices of Frank F. Daily, P.A.11350 McCormick Road

Executive Plaza III, Suite 704Hunt Valley, Maryland 21031

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Defense Perspective

Evaluation

Negotiation

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Should we settle?

• How much? • When?

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Considerations • Liability • Damages • Coverage • Other factors

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BUT FIRST ...

• Who's the boss?

• Remember who is the client!

• Split allegiance

• Allstate Insurance Co. v. Campbell, 334 Md. 381, 639 A.2nd 652 (1993).

• What is best for the client?

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Liability Considerations• Very

bad

• Very good

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Damage Considerations

• lead levels • educational issues • occupational issues

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Coverage Issues • Amount - enough to cover verdict?

• Erosion/Impairment of policy

• "Gaps" in Coverage

• Penn National Mutual Casualty Insurance Co. v. Roberts, et al., 668 F.3rd 106 (2012)

• Other Litigation - More Erosion?

• Notice to Client and Input from client

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Settlement Amounts

• Appropriate figure?• Implications of settlement

Large Settlement

Small Settlement

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Is it all about the money?No .....

• Terms/Type of Release

• Confidentiality • Structure

• Liens (Beware!)

• Discuss terms with opposing counsel!

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The Speakers

Kelly MikullitzO’Connell & Aronowitz

Frank F. DailyLaw Office of Frank Daily, P.A.

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Questions

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Kelly Mikullitz O'Connell & Aronowitz 518.462.5601 [email protected]

Frank Daily Law Offices of Frank F. Daily P.A 410.584.9443 [email protected]

Speaker Contact Info


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